Leona purchased a $1,000 bond having a quoted price of 99.875. She had to pay a 5.5% brokerage fee (of the selling price). What
1 answer:
Answer:
The total cost of the bond is none of the given choices.
Step-by-step explanation:
The selling price of a $1000 bond = $99.875
The brokerage fee = 5.5 %
Now, 5.5% of $99.875 =
So, the brokerage fee = $5.493
Now, to find out the total cost of the bond:
Total Cost = The selling Price + Brokerage Price
= $99.875 + $5.493
= $105.368
or, the total price of the $1000 bond is $ 105.368.
Hence, the total cost of the bond is none of the given choices.
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M∠X = 54.3°.
Using the Law of Sines, we have:
Cross multiplying gives us
61(sin 34) = 42(sin X)
Divide both sides by 42:
(61(sin 34))/42 = (42(sin X))/42
(61(sin 34))/42 = sin X
Take the inverse sine of both sides:
sin⁻¹((61(sin 34))/42) = sin⁻¹(sin X)
54.3 = X
Using the Law of Sines, we have:
Cross multiplying gives us
61(sin 34) = 42(sin X)
Divide both sides by 42:
(61(sin 34))/42 = (42(sin X))/42
(61(sin 34))/42 = sin X
Take the inverse sine of both sides:
sin⁻¹((61(sin 34))/42) = sin⁻¹(sin X)
54.3 = X